PANIC MODE: OBAMA WARNS USA ‘WILL GO BANKRUPT’ WITHOUT HEALTH BILL
ABC’s Karen Travers reports from Washington: President Obama told ABC News’ Charles Gibson in an interview that if Congress does not pass health care legislation that will bring down costs, the federal government “will go bankrupt.”
The president laid out a dire scenario of what will happen if his health care reform effort fails. If we don’t pass it, here’s the guarantee….your premiums will go up, your employers are going to load up more costs on you,” he said. “Potentially they’re going to drop your coverage, because they just can’t afford an increase of 25 percent, 30 percent in terms of the costs of providing health care to employees each and every year. “
The president said that the costs of Medicare and Medicaid are on an “unsustainable” trajectory and if there is no action taken to bring them down, “the federal government will go bankrupt.”
“This actually provides us the best chance of starting to bend the cost curve on the government expenditures in Medicare and Medicaid,” Obama said.
Read the whole story at ABC News
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The statements in this article are from someone, (the Obamination), that has never run a business; never run a city, county or state government; never dealt with a payroll; never was concerned where his next meal was coming from; never…… in other words, he never did anything, and he don’t have a clue to what the h*ll he’s doing now!